## (Answered)-Interest on a credit card's unpaid balance is calculated using

Interest on a credit card?s unpaid balance is calculated using the average dailybalance. Suppose that netBalance is the balance shown in the bill, payment isthe payment made, d1 is the number of days in the billing cycle, and d2 isthe number of days payment is made before billing cycle. Then, the averagedaily balance is:averageDailyBalance ? ?netBalance d1 payment d2?=d1If the interest rate per month is, say, 0.0152, then the interest on theunpaid balance is:interest ? averageDailyBalance 0:0152Write a program that accepts as input netBalance, payment, d1, d2, andinterest rate per month. The program outputs the interest. Format youroutput to two decimal places.

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This question was answered on: Oct 07, 2020

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